FEATURED ARTICLES ABOUT INCOME DISTRIBUTION - PAGE 2

MUMBAI: Unit Trust of India-I has declared dividend ranging between three to five per cent for five monthly income plans for April 2003 to March 2004. The income distribution payable monthly would be three per cent for MIP 99 (II) and MIP 2000, four per cent for MIP 2000 (II) and MIP 2000 (III) and five per cent for MIP 2001, UTI said in a release here on Thursday. Under the annual and cumulative option, the dividend would be 3.04 per cent - MIP 99 (II) and MIP 2000, 4.07 per cent - MIP 2000 (II)

BEIJING: China plans to spend $4.3 billion to raise the salaries of 120 million civil servants as part of government's bid to reform the country's income distribution system and to narrow the huge gap between rich and poor. A total of $4.3 billion will be spent on salary rises for 120 million people, including six million central and local government officials, 30 million employees from public institutions and 50 million retired military servicemen and government employees in 2006.

This is a story of statistics! First, some startling statistics about the status of Indian youth. Approximately 215 million, or 21%, of India's population is in the age group of 18-29. Of these, over 60% live in villages. Only a third in this age group have an educational qualification of class ten or above and only one out of every twenty have acquired some form of vocational skill, as compared to more than the 'three out of every four' count in developed countries. About 63% of school students drop out at different stages before reaching class ten. "Changing shapes of income distribution" is the other set of statistics that merits a closer look.

MUMBAI: Tata Mutual Fund has announced a 25 per cent dividend under its Tata Pure Equity Fund for dividend option. The record date for the income distribution of Rs 2.50 per unit (Rs 10 each) was September 30, 2003, a Tata MF release said here on Wednesday. The net asset value of the scheme as on September 30, 2003 stood at Rs 16.19 per unit, while the net assets under the management of this fund stood at Rs 68.15 crore, it added.

MUMBAI: Tata Mutual Fund has announced a 25 per cent dividend under its Tata Pure Equity Fund for dividend option. The record date for the income distribution of Rs 2.50 per unit (Rs 10 each) was September 30, 2003, a Tata MF release said here on Wednesday. The net asset value of the scheme as on September 30, 2003 stood at Rs 16.19 per unit, while the net assets under the management of this fund stood at Rs 68.15 crore, it added.

MUMBAI: Tata Mutual Fund has declared 16 per cent under the quarterly income plan of gilt securities scheme. The income distribution for the quarterly plan is Rs 0.40 per unit of face value of Rs 10, a Tata MF release said on Friday. The net asset value of the gilt securities income plan was Rs 13.05 per unit as on June 17, 2003, the release said. The net assets under the management of gilt scheme stood at Rs 159.82 crore. Meanwhile, the MF also announced a 12 per cent dividend under income plus (regular)

MUMBAI: The Unit Trust of India has declared a four per cent interim dividend (per unit of Rs 10) for its bond fund. The investors whose name appear in the books on August 16, 2002 and have opted for income option would be eligible for income distribution (dividend), UTI said in a release on Monday. The fund's income option has a net asset value of Rs 11.19 and its asset size was Rs 46 crore, the release said. The scheme's growth option had assets worth Rs 1,393 crore under its management with NAV of Rs 16.44 per unit, it added.

hdfc mutual fund has declared an annualised tax-free dividend of 7 per cent for its liquid fund under the weekly dividend option. the per unit dividend for hdfc liquid fund under its re-investment plan is rs 0.01 for the week ended december 3, '01 with the same re-cord date, said a release. the fund house also declared a similar divi-dend under the scheme for the week ended december 24, '01. the record date for the same was december 24, 2001. the fund house has also declared a quarterly dividend of 30 paise per unit under the dividend plan of its hdfc income fund, for the quarter ended december 27, '01. uti interim distribution uti has declared an interim income distribution of 10 per cent under its g-sec fund and 3.25 per cent under its charitable and relig-ious trusts (crts 81)

The landslide re-election in Brazil of President Luiz Inácio Lula da Silva owes more to a (modest) reduction in income inequality than to any upswing in economic growth. China and India, along with Brazil, are among the largest developing economies, with a growing global status in economic size. But among them, striking differences mark trends and the relative importance of economic growth and income distribution. Brazil's income inequality, along with South Africa's, is among the highest in the world, far greater than China's and India's.

MUMBAI: UTI Mutual Fund has declared dividend of Rs 1.50 per unit (15 per cent) under its Index Select Fund. The record date for the income distribution of Rs 1.50 per unit (of face value Rs 10) was July 25, 2003, UTI MF said in a release. The dividend is tax-free for the investors, so the post-tax return works out to be higher than the returns in the form of dividend, the release said. The net asset value (NAV) of the index select fund as on June 30, 2003 stood at Rs 14.81 per unit, it said.